President Trump Extends Ceasefire with Iran, Boosting Wall Street Sentiment
Wall Street's main indexes are set to open higher following President Trump's decision to extend the ceasefire with Iran. This move, requested by Pakistani mediators, aims to ease tensions despite ongoing uncertainties about Iran and Israel's commitment to the truce. The U.S. Navy's blockade of Iranian ports remains, and Iran has seized two ships in the Strait of Hormuz, a critical oil shipping route. The market's positive response reflects investor optimism that the conflict will be resolved through negotiations rather than military action. As of 8:31 a.m. ET, Dow E-minis rose 326 points, S&P 500 E-minis gained 48.25 points, and Nasdaq 100 E-minis advanced 229.25 points. However, risks of inflation persist with oil prices nearing $100 per barrel. 
